Can you get paid with a business account without bank linked?

uh4m
Contributor
Contributor

Hey guys, I have some questions that I can't find the answers to so I was hoping some of you could help me.

So my first question is, do I even need a business account? I am creating an online store that will make decent money so do I even need a business account?

And If I do, do I have to link a bank account to it? or can I receive payment and just store it on PayPal, then later down the line add my bank to withdraw?

Thanks!

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2 REPLIES 2

CooperCowley
Contributor
Contributor

I believe if you are running an online store, it'd be much easier for you if you used a business account,

 

I got this information off of the web for you:

"According to the website, here are a few benefits of creating a PayPal business account:

  • Do business under a company or group name
  • Accept all payment types for low fees
  • Accept payments from customers without PayPal accounts
  • Send and receive payments with members in 203 countries and regions
  • Implement subscription payments for your content or services
  • Multiple logins give employees limited access to your PayPal account"

 

And touching on the subject of weather or not you need a bank account hooked up to it, I think initially you need to link up either a bank account or a credit/debit, however I'm pretty sure that it does not need to stay linked up to the account after you verify it.

 

Hope this information helped you out,

Regards,

Cooper. 

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nevadasmith
Advisor
Advisor

you would experience new seller hold up to 21 days,to transfer fund to bank account,you need to link a credit card as well.

you can also link bank debit card for faster transfer,cost is 25 cents. 

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